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use of industry-commissioned consultants, experts and lobbyists that produce information for regulatory and policy use. A … firm and regulator, linked to the role of the regulator as information-processing intermediate for the political principal …. The firm puts processed but biased information at the free disposal of the regulator, 'no strings attached', who can then …
Persistent link: https://www.econbiz.de/10010927734
This paper is concerned with the stategic use of a private information on the stock market. A repeated auction model is … used to analyze the evolution of the price system on a market with asymmetric information. The model turns out to be a zero …-sum repeated game with one-sided information, as introduced by Aumann and Maschler. …
Persistent link: https://www.econbiz.de/10005207634
criminal suits, is analyzed in the framework of a two-sided incomlete information game. …
Persistent link: https://www.econbiz.de/10005779401
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A profit maximising auctioneer can provide a public good to a group of agents. Each group member has a private value for the good being provided to the group. We investigate an auction mechanism where the auctioneer provides the good to the group, only if the sum of their bids exceeds a reserve...
Persistent link: https://www.econbiz.de/10005779432
A profit-maximizing auctioneer can provide a public good to at most one of a number of groups of agents. The groups may have non-empty intersections. Each group member has a private value for the good being provided to the group. We investigate an auction mechanism where the auctioneer provides...
Persistent link: https://www.econbiz.de/10005779435
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In a differential information economy with quasi-linear utilities, monetary transfers facilitate the fulfillment of …
Persistent link: https://www.econbiz.de/10005779439